Areas of Investment

Filipino Equity

Foreign Equity

Mass
Media
(except
recording)
Services involving the
practice
of
licensed
professions save in cases
prescribed by law
Retail Trade
Cooperatives
Private Security Agencies
Small-scale Mining
Utilization of marine
resources in archipelagic
waters, territorial sea, and
exclusive economic zone
Ownership, operation and
management of cockpits
Manufacture, repair,
stockpiling and/or
distribution of nuclear
weapons
Manufacture, repair,
stockpiling and/or
distribution of biological,
chemical and radiological
weapons
Private recruitment,
whether for local or
overseas employment
Contracts for the
construction and repair of
locally-funded works
except: a)
infrastructure/devt.
projects covered in the
Expanded BOT Law and;
b) Projects which are
foreign-funded or assisted
and required to undergo
international competitive
bidding
Private Radio
Communication Network
Advertising
Exploration, development
and utilization of natural
resources
Ownership of private
lands
Operation and
management of public
utilities
Ownership/establishment

100 %

0%

100 %

0%

100
100
100
100
100

0
0
0
0
0

%
%
%
%
%

%
%
%
%
%

100 %

0%

100 %

0%

100 %

0%

75%

25%

75%

25%

80%

20%

70%
60%

30%
40%

60%

40%

60%

40%

60%

40%

and administration of
educational institutions
Engaging in the rice and
corn administration
Contracts for the supply
of materials, goods and
commodities to
government-owned or
controlled corporation,
company, agency or
municipal corporation
Contracts for the
construction of defenserelated structure [e.g.,
land, air, sea and coastal
defense, arsenals,
barracks, depots,
hangars, landing fields,
quarters, hospitals)
Project proponent and
facility operator of a BOT
project requiring a public
utility franchise
Private domestic and
overseas construction
contracts
Manufacture, repair,
storage, and/or
distribution of products
and ingredients used in
the manufacture thereof
requiring Philippine
National Police [PNP]
clearance (i.e. firearms,
gunpowder, blasting
supplies, ingredients in
making explosives, etc.)
Manufacture, repair,
storage and/or
distribution of products
requiring Department of
National Defense [DND]
clearance (i.e. guns and
ammunition for warfare,
nuclear weapons, guided
missiles, tactical aircraft,
military communications
equipment, etc.)
Sauna and steam
bathhouses, massage
clinics and other like
activities
Other forms of gambling,
e.g., race track operation;

60%

40%

60%

40%

60%

40%

60%

40%

60%

40%

60%

40%

60%

40%

60%

40%

60%

40%

racehorse
ownership/importation
Domestic market
enterprises with paid-in
equity of less than the
equivalent of
US$200,000.00 unless
they involve advance
technology or they
employ at least fifty [50]
direct employees, the
minimum paid-in capital
will be reduced to US $
100,000.00

60%

40%